Corero Network Security PLC Partnership Agreement

TIDMCNS

Corero Network Security PLC

11 October 2017

11 October 2017

Corero Network Security plc

("Corero" or the "Company")

Corero Expands Go To Market Partnerships for Digital Enterprises

Corero Network Security plc (AIM: CNS), the AIM listed network security company, is pleased to announce that it has signed a resell partnership agreement with a leading US based global cloud DDoS service provider ("the Partner").

The agreement will see Corero supply its award-winning SmartWall(R) Threat Defense System ("SmartWall") technology to customers of the Partner seeking hybrid on-premises and cloud DDoS mitigation solutions.

This is in line with the Company's strategy to accelerate revenue growth by partnering with go-to-market partners.

An increasing number of digital enterprises are seeking always-on real-time DDoS mitigation solutions to augment on-demand cloud DDoS services in response to the rampant growth of commercial and industrial cybercrime.

Corero's SmartWall has been proven to mitigate DDoS attacks in seconds in contrast to traditional approaches which may take up to tens of minutes to respond.

Ashley Stephenson, Corero CEO, said:

"We continue to deliver on our strategy of recruiting go-to-market partners. This new relationship provides Corero with greater access to digital enterprise customers through our new Partner's significant market presence. Additionally, this relationship is yet another third party endorsement of the industry leading capabilities of our SmartWall product. We look forward to further expanding our growing enterprise customer base by building upon this additional route to market."

Enquiries:

 
     Corero Network Security plc 
     Andrew Miller, CFO                           Tel: [phone] 
                                                   382 
 
     Cenkos Securities plc                        Tel: [phone] 
                                                   8900 
     Mark Connelly/Bobbie Hilliam - NOMAD 
      Michael Johnson - Corporate Broking 
 
     Redleaf Communications                       Tel: [phone] 
                                                   4747 
     Elisabeth Cowell/Robin Tozer/Ian            [e-mail] 
      Silvera 
 
 
 

About Corero Network Security

Corero Network Security is the leader in real-time, high-performance DDoS defense solutions. Service providers, hosting providers and online enterprises rely on Corero's award winning technology to eliminate the DDoS threat to their environment through automatic attack detection and mitigation, coupled with complete network visibility, analytics and reporting. This industry leading technology provides cost effective, scalable protection capabilities against DDoS attacks in the most complex environments while enabling a more cost effective economic model than previously available. For more information, visit www.corero.com

This information is provided by RNS

The company news service from the London Stock Exchange

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October 11, 2017 02:00 ET (06:00 GMT)